Friday, September 21, 2018

Tag "house of representatives"

    Reps ask Buhari to block concession of Ajaokuta steel, move to amend privatisation act

Reps ask Buhari to block concession of Ajaokuta steel, move to amend privatisation act

The house of representatives on Thursday asked President Muhammadu Buhari to direct Kayode Fayemi, minister of mines and steel development, to stop the process of concessioning the Ajaokuta steel plant.The lower legislative chamber also moved to amend the privatisation act by removing the steel plant from the list of public assets which the federal government has powers to privatise or [...]

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    Reps refuse to disclose how much they take home

Reps refuse to disclose how much they take home

Lawmakers of the house of representatives have declined requests by TheCable to disclose their salaries and running cost.Most members of the house of representatives expressed fury when this newspaper contacted them over the issue.Recently, Shehu Sani, senator representing Kaduna central, disclosed that apart from the basic monthly salary of N750,000, each senator gets N13.5 million as “running cost”.Sabi Abdullahi, spokesman [...]

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    Reps to probe ‘sexual abuse, diversion of relief materials’ in IDP camps

Reps to probe ‘sexual abuse, diversion of relief materials’ in IDP camps

The house of representatives has resolved to investigate the alleged cases of rape, extortion and diversion of relief materials in internally displaced persons (IDPs) camps across the country.The resolution was sequel to a motion introduced during plenary on Wednesday by Hassan Saleh, f a lawmaker rom Benue state.Saleh said stories abound of how IDPs in the country go through “harrowing [...]

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    Muslim group enraged as reps panel adjourns hearing on hijab controversy

Muslim group enraged as reps panel adjourns hearing on hijab controversy

A house of representatives joint committee on justice and judiciary on Wednesday adjourned its planned public hearing on the hijab controversy.But the adjournment, which followed a court order restraining the house from holding the hearing, did not go down well with the Muslim Rights Concern (MURIC).There had been a controversy between the Nigerian Law School and Amasa Firdaus, a law [...]

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    Reps to probe ‘illegal withdrawal of N10bn’ from NHIS

Reps to probe ‘illegal withdrawal of N10bn’ from NHIS

The house of representatives has resolved to investigate the alleged illegal withdrawal of N10 billion from the National Health Insurance Scheme (NHIS) fund.The resolution was sequel to a motion raised during plenary on Tuesday by Chike Okafor, a lawmaker from Imo state.Okafor said for the purpose of carrying out its mandate, a fund made up of five percent contribution by [...]

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    Ajaokuta plant: ‘Go ahead if you think you can do without us’ — reps reply Fayemi

Ajaokuta plant: ‘Go ahead if you think you can do without us’ — reps reply Fayemi

The house of representatives has dared Kayode Fayemi, minister of mines and steel development, to proceed with the concession of the Ajaokuta steel plant.On Thursday, Fayemi said the federal government had no plan to spend another dime on the steel plant and that it would go ahead with the concession plan despite opposition from the house of representatives.Fayemi also accused [...]

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    Reps to Buhari: Compel security agencies to implement Benue’s anti-grazing law

Reps to Buhari: Compel security agencies to implement Benue’s anti-grazing law

The house of representatives has called on President Muhammadu Buhari to compel the nation's security agencies to enforce the law banning open grazing in Benue state.The lawmakers also asked the president to direct the security agencies to tackle the incessant killings in various parts of the country.The resolutions were sequel to a motion raised during plenary on Thursday by Hassan Saleh, [...]

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    Reps move to override Buhari on Peace Corps bill

Reps move to override Buhari on Peace Corps bill

The house of representatives has resolved to take another look at the Peace Corps bill and 21 other bills which President Muhammadu Buhari did not assent to.The resolution of the lower legislative chamber was sequel to a motion moved by Uzoma Nkem-Abonta, chairman of the committee on public petition, on Thursday.While moving his point of order, the lawmaker complained that [...]

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    ‘No going back on concession of Ajaokuta plant’ — FG dares house of reps

‘No going back on concession of Ajaokuta plant’ — FG dares house of reps

The federal government says it will no longer spend a dime on Ajaokuta steel plant located in Kogi state.Kayode Fayemi, minister of mines and steel development, said this at a press conference in Abuja on Thursday.He said the government will go ahead with plans to concession the company, a move the house of representatives had opposed.Yakubu Dogara, speaker of the [...]

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    Reps to probe ‘diversion’ of N2bn, $3.8m from sale of PHCN

Reps to probe ‘diversion’ of N2bn, $3.8m from sale of PHCN

The house of representatives has resolved to investigate the alleged diversion of N2 billion and $3.8 million interests on the proceeds of the sale of Power Holding Company of Nigeria (PHCN).The decision followed the unanimous adoption of a motion by Chukwuka Onyema, a lawmaker from Anambra state, at the plenary on Tuesday.Onyema had said the Electric Power Sector Reform Act [...]

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    Reps pass bill seeking to make NFIU autonomous

Reps pass bill seeking to make NFIU autonomous

The house of representatives has passed the bill seeking to establish the Nigerian Financial Intelligence Unit (NFIU) as an autonomous body.The lawmakers adopted the harmonised report of the conference committee from both chambers of the national assembly on Tuesday.Kayode Oladele, chairman of the house committee on financial and economic crimes, had presented the report to the house during plenary.The bill [...]

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    Dogara: Ajaokuta steel abandoned after gulping $5.1bn… are we bewitched by sorcerers?

Dogara: Ajaokuta steel abandoned after gulping $5.1bn… are we bewitched by sorcerers?

Yakubu Dogara, speaker of the house, says the total amount of $5.1 billion has so far been invested in the Ajaokuta steel company located in Kogi state.Dogara, therefore, condemned reported moves to concession the company, wondering if Nigeria has been “bewitched by some powerful sorcerers”.Dogara said this on Thursday while speaking at the sectoral debate organised by the house of [...]

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    Reps panel probes ‘massive importation fraud’ by companies

Reps panel probes ‘massive importation fraud’ by companies

The house of representatives committee on customs has commenced investigations into alleged massive fraud by some companies through breach of importation procedures.James Faleke, chairman of the committee, disclosed this to journalists on Tuesday.The alleged breach is said to have led to a huge loss of revenue accruing to the federation account.Faleke said the committee has invited the companies involved to [...]

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    Hijab controversy: Court bars reps from conducting public hearing

Hijab controversy: Court bars reps from conducting public hearing

A federal high court sitting in Abuja has restrained the house of representatives from conducting a planned public hearing on the hijab controversy between the Nigerian Law School and Firdrusa Abdulsalam.Anwuli Chikere, the presiding judge, gave the order on Wednesday in her ruling on an application seeking to stop the public hearing.The judge ordered that the public hearing be put [...]

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    Reps panel asks NNPC to withhold bid to spend $1.8bn on refineries

Reps panel asks NNPC to withhold bid to spend $1.8bn on refineries

A house of representatives ad hoc committee has asked the Nigerian National Petroleum Corporation (NNPC) to withhold its bid to spend $1.8 billion on the nation’s refineries.In 2017, the NNPC proposed a fresh bid to spend the money on the turn-around maintenance (TAM) of the three functional refineries in the country.The house had subsequently set up the adhoc committee to [...]

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    Reps to probe trade ministry over $160m World Bank project

Reps to probe trade ministry over $160m World Bank project

The house of representatives has resolved to probe the circumstances surrounding the engagement of consultant for a $160m World Bank project in the country.The house also mandated the ministers of industry, trade and investment as well as finance not to renew the consultant engaged for the growth and employment (GEM) project.The resolution was sequel to a motion of urgent public [...]

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Exchange Rates

September 20, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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